The Bottom is in
Updated
Okay that was scary but I think the bottom is in... It found support at the 1.618 fib level and we are seeing a healthy bounce on LTF. RSI is also looking over sold. Chart pattern looks like its forming a bottom formation here. With all the longs being liquidated in this area we should rip up in short order.
Comment
todays target is 52-54K.Comment
Not liking the volume on this bounce or the momentum oscillator.Comment
UPDATE....this does not look good.
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